23/03/2016

This presentation and subsequent discussions may contain forward-looking

statements that involve risks and uncertainties. These statements are generally

indicated by the use of forward-looking terminology such as believe, expect,

anticipate, estimate, plan, project, target, may, will or may be expressed to be

results of actions that may or are expected to occur in the future. You should

not place undue reliance on these forward-looking statements, which reflect

our belief only as of the date of this presentation. These forward-looking

statements are based on our own information and on information from other

sources we believe to be reliable. Our actual results may be materially less

favorable than those expressed or implied by these forward-looking statements

which could depress the market price of our shares.

Forward-Looking Statement Disclaimer

1

2015 Annual Results Macro Economy and Industries

Highlights

Business Review

Financial Review

Contents

2

Prospects Challenges and Opportunities

Development Strategies

MACRO ECONOMY

AND INDUSTRIES

3

Macro Economy and Industries

202 210

6.1%

4.2% 2%

4%

6%

8%

10%

160

180

200

220

2014 2015

Container Throughput Growth of China (in million TEUs)

Container Throughput Growth Rate of China

(%) (in million TEUs)

(%)

7.4% 6.9%

0%

2%

4%

6%

8%

10%

2014 2015

GDP Growth Rate of China

4.3 4.0

3.4%

-8.0%

-10%

-5%

0%

5%

-10

-5

0

5

2014 2015

Total Value of Import and Export (in trillion USD)

Import and Export Growth Rate of China

(%) (in trillion USD)

4

(%)

0.4%

-19.7% -25%

-20%

-15%

-10%

-5%

0%

5%

2014 2015

China Containerized Freight Index (CCFI)

HIGHLIGHTS

5

Achievements

6

In 2015, the downtrend of economy brought unprecedented pressure. The

Company has overcome the market pressure through reforms, innovations and

breakthroughs thereby achieving record high profits. Main business indicators

achieved continuous growth and the operating cash flow was remarkably

improved.

Smoothly propelled the three major types of businesses of freight forwarding

and relevant businesses, logistics and e-commerce business, which achieved

innovations and development.

Further enhanced the construction of the five channels of shipping channel, land

transport channel, air transport channel, trucking channel and overseas channel

and further strengthened the operational capability of the integrated networks.

Deepened the consolidation of resources and enhanced regional integrated

operation.

Improved operation management capability. Enhanced function construction and

transformation of the headquarter and made positive progress in this regard.

1

2

3

4

6

Financial Highlights

(RMB million) 2015 2014 Change

Revenue – from continuing operations

45,528.1

45,659.8

-0.3%

Operating Profit – from continuing operations

1,644.4

1,223.2

34.4%

Profit after Income Tax

– from continuing operations 1,961.9 1,434.4 36.8%

Profit Attributable to Equity Holders 1,493.3 1,231.4 21.3%

EPS* (RMB yuan)

– from continuing and discontinuing operations

0.32

0.28

Major Financial Indicators

7

*As the Company allotted and issued an aggregate of 357.481 million new H shares in July, 2014, when calculating the EPS, the number of shares for 2015 is 4.606 billion while that of 2014 was 4.406 billion.

Operational Highlights

2015 2014 Change

Freight Forwarding

Sea Freight Forwarding Containers (in ten thousand TEUs) 952.0 928.5 2.5%

Air Freight Forwarding Cargo (in ten thousand tonnes) 52.26 48.19 8.4%

Shipping Agency Containers (in ten thousand TEUs)

Bulk Cargo (in million tonnes)

1,652.0 208.6

1,602.1

206.1 3.1% 1.2%

Logistics (in million tonnes) 15.6 14.2 9.9%

Storage and Terminal Services

Warehouse Operation Containers (in ten thousand TEUs)

Bulk Cargo (in million tonnes) 769.8

11.6

899.0

14.0 -14.4% -17.1%

Terminal Throughput Containers (in ten thousand TEUs)

Bulk Cargo (in million tonnes) 363.7

1.2 362.3

2.2 0.4%

-45.5%

Other Services

Trucking Containers (in ten thousand TEUs) 103.2 88.6 16.5% Shipping - from continuing operations Containers (in ten thousand TEUs)

214.9 205.8 4.4%

Express Services Documents and Packages (in ten thousand units) 277.9

202.0 37.6%

Volume

8

BUSINESS REVIEW

9

Freight Forwarding

2015 2014 Change

Sea Freight Forwarding Containers (in ten thousand TEUs)

952.0 928.5 2.5%

Air Freight Forwarding Cargo (in ten thousand tonnes)

52.26 48.19 8.4%

Shipping Agency Containers (in ten thousand TEUs)

Bulk Cargo (in million tonnes)

1,652.0

208.6

1,602.1

206.1

3.1% 1.2%

(RMB million) 2015 2014 Change

External Revenue 34,603.9 35,456.7 -2.4%

Segment Results 716.7 713.4 0.5%

Volume

10

Logistics

2015 2014 Change

Logistics (in million tonnes) 15.6 14.2 9.9%

(RMB million) 2015 2014 Change

External Revenue 6,921.0 6,243.9 10.8%

Segment Results 322.2 298.1 8.1%

Volume

11

Storage and Terminal Services

2015 2014 Change

Warehouse Operation Containers (in ten thousand TEUs) Bulk Cargo (in million tonnes)

769.8

11.6

899.0

14.0

-14.4% -17.1%

Terminal Throughput Containers (in ten thousand TEUs) Bulk Cargo (in million tonnes)

363.7

1.2

362.3

2.2

0.4%

-45.5%

(RMB million) 2015 2014 Change

External Revenue 1,935.6 2,098.7 -7.8%

Segment Results 354.0 375.0 -5.6%

Volume

12

Other Services

* Express Services Joint Ventures – Packages (in ten thousand units) – Investment Income (RMB million)

2,239

888.6

2,154

743.6

3.9%

19.5%

2015 2014 Change

Trucking Containers (in ten thousand TEUs)

103.2 88.6 16.5%

Shipping - from continuing operations Containers (in ten thousand TEUs)

214.9 205.8 4.4%

Express Services Documents and Packages (in ten thousand units)

277.9 202.0 37.6%

(RMB million) 2015 2014 Change

External Revenue 2067.5 1,860.5 11.1%

Segment Results 51.8 12.4 317.7%

Volume

13

FINANCIAL REVIEW

14

Revenue and Segment Results – from continuing operations

(RMB million) 2015 2014 Change

Freight Forwarding 34,603.9 35,456.7 -2.4%

Logistics 6,921.0 6,243.9 10.8%

Storage and Terminal Services 1,935.6 2,098.7 -7.8%

Other Services 2,067.5 1,860.5 11.1%

Revenue

(RMB million) 2015 2014 Change

Freight Forwarding 716.7 713.4 0.5%

Logistics 322.2 298.1 8.1%

Storage and Terminal Services 354.0 375.0 -5.6%

Other Services 51.8 12.4 317.7%

Segment Results

76.0%

15.2%

4.3%

4.5%

22.3%

24.5%

3.6%

Revenue Contribution

in 2015

49.6%

Segment Results

Contribution in 2015

15

Cost Structure – from continuing operations

(RMB million) 2015 2014 Change

Transportation and Related Charges (39,680.3) (39,890.3) -0.5%

Staff Costs (3,349.4) (3,080.0) 8.7%

Depreciation and Amortization (625.3) (588.1) 6.3%

Office and Related Expenses (467.3) (492.9) -5.2%

Other Gains and Losses, Net 378.3 (13.1) 2,993.2%

Other Operating Expenses (475.2) (492.0) -3.4%

Income Tax Expense (613.2) (387.7) 58.2%

16

Statement of Financial Position

17

(RMB million) 2015 2014 Change

Cash and Cash Equivalents 6,133.3 5,332.1 15.0%

Current Assets 18,272.9 16,675.2 9.6%

Total Assets 35,084.9 32,709.3 7.3%

Current Liabilities 15,108.4 13,113.5 15.2%

Total Liabilities 16,625.1 16,404.2 1.3%

Non-controlling Interests 3,337.5 2,882.6 15.8%

Equity Attributable to Owners of the Company

15,122.3 13,422.5 12.7%

Total Assets Less Current Liabilities 19,976.5 19,595.8 1.9%

Statement of Cash Flows

(RMB million) 2015 2014 Change

Net Cash Generated from Operating Activities 2,433.6 1,107.6 119.7%

Net Cash (Used in) Investing Activities (905.5) (249.5) 263.0%

Capital Expenditure 1,653.0 1,314.7 25.7%

Net Cash Generated from/(Used in) Financing Activities

(741.3) (918.7) -19.3%

Exchange Gains/ (Losses) on Cash and Cash Equivalents

14.4 6.1 137.2%

Net (Decrease)/Increase in Cash and Cash Equivalents

801.2 (54.5) 1,571.1%

Cash and Cash Equivalents as at 31 December

6,133.3 5,332.1 15.0%

18

PROSPECTS

19

Challenges and Opportunities

20

The world economy will continue to

be sluggish and may face the

impact arising from trade

contraction worldwide and unusual

fluctuations in global capital market

China will still be under great

pressure from the slowing-down

economy and have to continuously

adjust for economic rebalance

The growth in the overall demand for

logistics in China will be slowing

down

Shipping market remains weak

The logistics segment market enjoys a vast

development space, as the national

strategies including “One Belt, One Road”,

Beijing-Tianjin- Hebei integration and

Yangtze River Belt implement and the

e-commerce business maintain a rapid

development

The downward adjustment of interest rates

will contribute to the further decrease in

financial costs

The downward adjustment of RMB

exchange rates will be beneficial for export

There will be increasing opportunities in the

market for merger and acquisition

The measures for the reform of state-owned

enterprises will be further defined, which

will benefit the Company for its system and

mechanism innovation

Opportunities Challenges

Development Strategies

Innovation

21

Integration

Improve the quality of its business

operations as a whole, cultivate core

competitive strengths, and accelerate the

achievement of sustainable and quality

development.

Focus on six key work aspects, namely to

“explore the market, promote the upgrade,

push-forward the transformation, propel the

consolidation, adjust the mechanism and

control the risk” and will propel external

exploration and internal potential exploration.

Integration

Transformation

22

Securities and Legal Affairs Dept Sinotrans Limited

Tel : +8610 5229 6667 Fax : +8610 5229 6655 Email : ir@sinotrans.com Website : www.sinotrans.com

IR Contact